Best of Artemis, week ending 30th December 2018

Here are the ten most popular news articles, week ending 30th December 2018, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

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Ten most viewed articles on Artemis.bm, week ending 30th December 2018:

1. Reinsurance & retro capacity may rise again soon after 1/1
   It’s expected that global reinsurance capacity, including that provided by the capital markets, will be on the rise again as 2019 progresses and the market recovers, given the current spate of capital raises and new launches that are in the works.

2. Optimism & panic at renewals, but improving reinsurance returns expected
   There is a mix of optimism and panic as the key January 1st reinsurance renewal rapidly approaches, after losses, market improvement programs at Lloyd’s and a chaotic retrocession market, all continue to make conditions challenging for some.

3. Flat reinsurance & harder retro at 1/1, but 10%+ increases for mid-year renewals
   The 1/1 2019 January reinsurance renewal may come out relatively flat, according to analysts at Morgan Stanley following discussions in Bermuda, but the market there is expecting better conditions as the year progresses with 10%+ price increases expected for the mid-year renewals.

4. Cyclical downturn in ILS capital would benefit us: Swiss Re CEO
   A cyclical downturn in the amount of alternative capacity deployed into reinsurance markets through insurance-linked securities (ILS) would benefit traditional reinsurers like Swiss Re, the Chief Executive Officer of the firm has explained in the press.

5. Indonesia tsunami insured loss estimated at $1.1 billion
   The insurance and reinsurance industry may shoulder as much as $1.1 billion of claims for damage following the tsunami that struck Indonesia after the eruption of the Anak Krakatau volcano.

6. Major UNL retro programs hit market at relatively flat pricing & terms
   For all the talk of a capacity crunch in retrocessional reinsurance markets, resulting in a renewal that is seen to be in disarray and set to be very late, we’re told that some major UNL retrocession programs have hit the market offering relatively flat pricing and terms in recent days.

7. Ontario Teachers’ promotes Grzinic as MD to lead insurance-linked securities
   The Ontario Teachers’ Pension Plan (OTPP) has promoted Bernard Grzinic to the role of Managing Director for Credit, Insurance Linked Securities and Equities within Capital Markets group, which will see him leading the investment teams for each of these areas.

8. $50.22m Artex SAC Series HX private catastrophe bond issued
   Another private catastrophe bond, or cat bond lite, has been issued in time for the upcoming reinsurance renewal, the first from the Artex Risk Solutions owned segregated account reinsurance transformer platform in a year, a $50.22 million Artex SAC Limited – Series HX Notes transaction.

9. RenRe to extend maturity on $20m Fibonacci Re ILS notes after 2018 losses
   Bermudian reinsurance firm RenaissanceRe is set to add to the amount of insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle that have had their maturity extended, with $20 million from its 2018-1 issuance set to be held back while catastrophe losses from this year develop.

10. Reduction in opportunistic ILS capital positive for investors: Entropics CEO
    For insurance-linked securities (ILS) investors with a longer time horizon, the declining interest from opportunistic investors is a positive development, according to Robert Lindblom, the Chief Executive Officer (CEO) of Entropics Asset Management AB.

This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 11 new articles published in the last week. To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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